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2010-10-21 12:15:40
Supermarket in Yinchuan, Ningxia Hui Autonomous Region, China China's growth
has far outstripped that of other major economies
China says its economy has maintained robust growth in the third quarter of
2010, albeit at a slightly lower rate.
Official figures show a drop from just over 10% growth to 9.6%, still far ahead
of any other major economy.
The Chinese government has been taking measures to cool a credit boom in order
to achieve more sustainable growth levels.
Meanwhile consumer prices rose at the fastest pace in nearly two years in
September, official data showed.
Rate rise
For several months China's government has been withdrawing stimulus measures it
used to get China through the economic downturn.
Access to credit has been curbed and public spending on infrastructure scaled
back, reports the BBC's Chris Hogg in Shanghai.
But this latest data suggests other drivers of economic growth are now taking
up the slack.
Domestic consumption remains strong and investment in the private sector is
robust.
One concern though for policymakers is inflation.
Consumer prices rose 3.6% year on year, the fastest increase since October
2008, with prices for food - the item poorer Chinese spend most of their income
on - rising by more than 6%.